The table below include Albanias trade, income, and transfer payments and receipts for the year 2019. Complete
Question:
The table below include Albania’s trade, income, and transfer payments and receipts for the year 2019. Complete the information requested missing in the table and calculate the current account balance for the year.
INTERNATIONAL TRADE TRANSACTION | CASH FLOW POSITION: INFLOW or OUTFLOW? | VALUE (show sign) |
Albania businesses purchased products produced in China to be sold then in Albania's stores for 800 billion ALL | ||
Individuals in Albania purchase goods online from Italy in the value of 2 billion ALL | ||
The Albanian government pays a British Investment Bank for services related to a Eurobond Issuance in the value of 1 billion ALL. | ||
Individuals in Albania provided services to foreign companies in the value of 3 billion ALL. | ||
Albanian companies exported Oil and Minerals to EU countries in the value of 600 billion ALL. | ||
INTERNATIONAL INCOME TRANSACTION | CASH FLOW POSITION: INFLOW or OUTFLOW? | VALUE (show sign) |
Foreign investors receive dividend payments of 10 billion ALL from Albanian firms in which they own stock. | ||
The Ministry of Finance sends an interest payment of 2 billion ALL to foreign investors that purchased our Eurobond bonds 1 year ago. | ||
Foreign companies that had borrowed from banks based in Albania send interest payment in the value of 4 billion ALL | ||
INTERNATIONAL TRANSFER TRANSACTION | CASH FLOW POSITION: INFLOW or OUTFLOW? | VALUE (show sign) |
Albania receives aid for the earthquake by the international community in the value of 40 billion ALL. | ||
Albania provides a grant for the reconstruction of Notre Dame in Paris in the value of 0.2 billion ALL. |
COMPONENT | VALUE |
Total Albania exports and income receipts | |
Total Albania imports and income payments | |
Net transfers by the Albania | |
Current account balance of Albania |
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill